Sat | Mar 23, 2019

Business

Published:Wednesday | March 13, 2019 | 12:22 AM

Two new Appleton aged rums launched internationally pushed sales of the Jamaican rum brands owned by the Italian Campari Group eight per cent higher to €91 million (J$13 billion) last year. The growth was based on what Campari called the continued...

Published:Wednesday | March 13, 2019 | 12:21 AM

The issue of a possible physical border between the United Kingdom’s Northern Ireland and the Republic of Ireland, an EU state, received scant attention during the 2016 Brexit referendum. But it has proven to be a major stumbling block in the...

Published:Wednesday | March 13, 2019 | 12:21 AM

A type of Takata airbag inflator once thought to be safe has now come under scrutiny after a crash and explosion in Maryland injured the driver of a Honda minivan. The incident forced Honda on Tuesday to recall about 1.2 million vehicles in North...

Published:Wednesday | March 13, 2019 | 12:20 AM

New Jersey Governor Phil Murphy and legislative leaders said on Tuesday that they have agreed on legislation to legalise recreational marijuana for adults. The Democratic trio, including Assembly Speaker Craig Coughlin and Senate President Steve...

Published:Wednesday | March 13, 2019 | 12:19 AM

Tesla is walking back plans to close most of its showrooms worldwide and announced price hikes for most of its electric vehicles. Tesla announced last month that it would shutter most of its stores to cut costs so it could sell its lower-priced...

Published:Wednesday | March 13, 2019 | 12:18 AM

The imposing headquarters complex that GraceKennedy is finalising on the Kingston waterfront will house a new outlet for Hi-Lo Food Stores, a supermarket chain operated by the group. The group announced the plan during a livestreamed investor...

Published:Wednesday | March 13, 2019 | 12:10 AM

Securities dealer Victoria Mutual Investments Limited, VMIL, grew its profits to $398 million for its full year, despite taking a hit on the Barbados bond in its earlier quarters. Its profit was 15 per cent higher year-on-year, performance the...

Published:Wednesday | March 13, 2019 | 12:08 AMHuntley Medley - Senior Business Writer

Armed with $70 million from its IPO, creative training institute iCreate is on a drive to upgrade its teaching facilities and instructional equipment and expand beyond its modest classrooms in Jamaica and Miami to other markets overseas. iCreate...

Published:Wednesday | March 13, 2019 | 12:07 AMNeville Graham - Business Reporter

It was a bad year for KLE Group, some of which the entertainment company blamed on ongoing roadworks along Constant Spring corridor, where its prime money earner is based. KLE Group also faced administrative costs to get its franchise programme...

Published:Wednesday | March 13, 2019 | 12:05 AMAvia Collinder/Business Reporter

Effective immediately, Jamaica Mortgage Bank (JMB) will be reducing the ­premium rate for mortgage indemnity ­insurance (MII) coverage by up to 29 per cent. The MII, rates which were seven per cent of mortgage loans, will now be cut as low as five...

Published:Tuesday | March 12, 2019 | 12:13 AM

A Japanese court has rejected a request by former Nissan Chairman Carlos Ghosn, released on bail last week, to attend the Japanese automaker’s board meeting today, Tuesday. Nissan dismissed Ghosn as chairman after his November 19 arrest, but he...

Published:Monday | March 11, 2019 | 2:52 PM

Even when an employer has good, substantive grounds for the dismissal of an employee, that employer can be found to have unjustifiably dismissed the employee by Industrial Disputes Tribunal (IDT) if the proper procedure was not followed....

Published:Sunday | March 10, 2019 | 12:32 AM

ADVISORY COLUMN: PRODUCTIVITY Is there such a thing as email prowess? And is it important enough to be one of the core criteria for promotion? Many would disagree, but there’s evidence which suggests that electronic messaging is no longer a...

Published:Sunday | March 10, 2019 | 12:32 AM

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER The self-employed have several options to build up financial resources for retirement – the Approved Retirement Scheme, unit trusts, managed funds and self-managed investment portfolios, most of which can...

Published:Sunday | March 10, 2019 | 12:31 AM

ADVISORY COLUMN: INSURANCE HELPLINE QUESTION: I had an accident on June 27, 2018. A garbage truck hit the back of my vehicle at a traffic light-controlled intersection. My car was stationary. Another vehicle was in the right lane. The left was...

Published:Sunday | March 10, 2019 | 12:14 AM

From Iraq, through Libya to Syria, the approach to regime change by the United States and its allies has been to support the removal of a disliked government with little serious thought as to the broader consequences. Absent in these and other...

Published:Sunday | March 10, 2019 | 12:09 AMAvia Collinder and Steven Jackson - Gleaner Writers

Real estate experts are gearing up for more business, with the reduction in taxes on property transactions announced Thursday by Finance Minister Dr Nigel Clarke. The giveback comes at time when the sector is experiencing a slight softening of the...

Published:Sunday | March 10, 2019 | 12:09 AM

The Bank of Jamaica (BOJ) in an assessment carried out in December and published in its annual report last week, says that there is some risk that headline inflation would fall below its target at various times during 2019 and 2020. The central...

Published:Saturday | March 9, 2019 | 12:23 AMNeville Graham - Business Reporter

As credit unions creep slowly towards oversight by the central bank, which is now expected to take effect in July, the movement's umbrella group that acted as watchdog is trying to carve out a new direction for itself as a kind of consultant to the...

Published:Friday | March 8, 2019 | 1:41 PMAvia Collinder - Business Reporter

The microfinancing bill that will bring small lenders under the regulatory umbrella of the Bank of Jamaica has been tabled in Parliament by Minister of Finance Dr Nigel Clarke, who says it’s meant to bring order to the market and constrain the...

Published:Friday | March 8, 2019 | 12:29 AMNeville Graham - Business Reporter

As merchants and food establishments run out of their remaining inventory of plastic bags, the demand for alternative packaging is spiking, both in the form of paper and non-woven polypropylene, or NWPP, bags. Still, one maker of packaging, who...

Published:Friday | March 8, 2019 | 12:28 AM

The European Central Bank, ECB, took unexpectedly quick action on Thursday to support a slowing economy, joining the United States Federal Reserve and Chinese leadership in their attempts to counter worries about global growth. The central bank for...

Published:Friday | March 8, 2019 | 12:27 AM

The bull market for US stocks turns 10 years old this weekend, which puts it way past senior citizen status for a market run. It’s got the scars to prove it. Since rising from the rubble of the financial crisis in 2009, this bull market has faced...

Published:Friday | March 8, 2019 | 12:27 AM

The most expensive new car ever sold is a one-off Bugatti luxury sports car that has gone for €16.7 million (US$18.9 million). La Voiture Noire – French for ‘The Black Car’ – is a low-slung sports car with a huge 16-cylinder engine and Bugatti’s...

Published:Friday | March 8, 2019 | 12:26 AM

OP-ED CONTRIBUTION: DATA PROTECTION Data has become an increasingly sensitive and protected resource in the rapidly expanding digital world of the information age. The European Union’s General Data Protection Regulation, GDPR, which came into force...

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